When it comes to investing in a luxury home, many high-end properties are not listed on MLS or search engines. So how do you find the luxury home of your dreams? Hiring a qualified real estate agent who knows the market for luxury homes is the best person to talk to. In some cases, the agent may have inside information about a listing before it hits the open market.
When looking to buy a home, it is important to know the loan process for luxury homes typically take longer than a smaller mortgage. For a guidance on moving forward in the home buying process, the best person to speak with is a mortgage lender about what loan would be best for you, your purchase range, and much more. Many real estate agents recommend having your financing approval early on in the home buying purchase.
Be clear on what you are looking for and do your due diligence. Just like with other properties, it is important to take time to properly inspect the luxury home prior to purchase. This can take a little more time as specialized home inspectors may be required.
Are you interested in a luxury home? Give me a call today 801-774-1687 to further discuss what you are looking for.